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Get a deed-in-lieu of foreclosure: Some states allow homeowners to choose a deed-in-lieu of foreclosure, in which you agree to turn over your home to your lender to avoid foreclosure. With this ...
Ellenwood is an unincorporated community in Clayton, Henry, Rockdale and DeKalb counties in the U.S. state of Georgia. The community is a southeast suburb of Atlanta and is located along Interstate 675 and Georgia State Route 42. With a population of 46,967 and ten constituent neighborhoods, Ellenwood is the 19th largest community in Georgia. [2]
“Foreclosure floodwaters receded somewhat in 2010 in the nation’s hardest-hit housing markets. Even so, foreclosure levels remained five to 10 times higher than historic norms in most of those hard-hit markets, where deep fault-lines of risk remain and could potentially trigger more waves of foreclosure activity in 2011 and beyond.” [30]
The foreclosure process begins when a financially distressed homeowner fails to make a loan payment and is served with a summons from his or her creditors. After service, papers will be filed with the county clerk's office and be made a matter of public record (in some areas the place where deeds and mortgages are registered may go by a different name, such as the office of the land registrar).
Jenna explained the situation to her mother when she got home from work. “It was just crazy,” Jenna said. “We were both sitting there like, I don’t even know who (the mother or father ...
In January 2011, JP Morgan Chase, the United States' second-largest bank based on market share, admitted that it had illegally overcharged some 4,000 active-duty military members on their home mortgage and accidentally foreclosed on as many as 14 families. Facing pressure from a United States Marine's lawsuit over the violations, Chase ...
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